Kleiner Perkins Caufield & Byers has formed a $500 million “green growth” fund to invest in later-stage cleantech companies. peHUB first reported the news last week. PRESS RELEASE Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture capital firm, announced today it is launching a new $500 million investment vehicle: the Green Growth […]
KKR and the Environmental Defense Fund have formed a partnership to measure and improve the environmental performance of companies within KKR's U.S. portfolio. PRESS RELEASE Environmental Defense Fund (EDF) and Kohlberg Kravis Roberts & Co. L.P. (KKR) today announced a “Green Portfolio” partnership to measure and improve the environmental performance of companies within KKR's U.S. […]
United Online Inc. has agreed to buy floral delivery company FTD for approximately $800 million in cash and stock. Sellers include Leonard Green & Partners, which sponsored a $422 million take-private buyout of FTD in February 2004. PRESS RELEASE United Online, Inc. (UNTD), a leading provider of consumer Internet and media services, and […]
DATAllegro, an Aliso Viejo, Calif.-based maker of a data warehousing appliance, has raised $19.6 million in Series D funding. Hillman Co. led the round, and was joined by return backers Adams Capital Management, Focus Ventures, Intel Capital, JAFCO Ventures, Palomar Ventures and Venrock. PRESS RELEASE DATAllegro, supplier of the most advanced data warehouse appliance on […]
Esperion Therapeutics Inc., an Ann Arbor, Mich.-based developer of drug compounds to treat cardiovascular and metabolic disease, has raised $22.75 million in Series A funding. The deal helps spin Esperion out of Pifizer, which had acquired it in 2003. The round was co-led by Aisling Capital, Alta Partners and Domain Associates, with Pfizer retaining a minority equity […]
Robert Aguallo Jr. has been named a managing partner of the Cardinal Americas Fund, a $150 million private equity fund focused on the infrastructure space. He is the former general manager of the Los Angeles City Employees Retirement System (LACERS). PRESS RELEASE Robert Aguallo Jr., former General Manager of the Los Angeles City […]
3i is auctioning off Swiss healthcare provider Ambea, for up to 900 million. Bidders reportedly include PAI Partners, Doughty Hanson and Merrill Lynch Private Equity. 3i holds a 75% stake in Ambea, while the Singapore government owns 15.9% and company management owns the remainder. www.ambea.se
Adrian Johnson, chief executive at LGV Capital, the private equity investment unit of UK insurer Legal & General, is reported to be stepping down after almost 20 years at the group. Johnson joined LGV Capital in 1989 after six years specialising in venture capital and project finance at listed global private equity house 3i. He […]
HarbourVest Partners is targeting $2 billion for a dedicated secondaries fund, according to regulatory filings. Called Dover Street VII, the vehicle already had secured over $940 million in commitments as of February. Goldman Sachs, Deutsche Bank Securities and Lehman Brothers are serving as placement agents. HarbourVest has traditionally made secondary deals out of both […]
Presidio Financial Partners has closed its first private equity fund with $44.5 million in capital commitments. It will invest in lower middle-market companies across the U.S. PRESS RELEASE Presidio Financial Partners LLC, one of the nation's largest independent firms offering growth capital, corporate advisory, and wealth management services, today announced the closing of a […]